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Search Results 0 to 11 of about 12 (some duplicates have been removed)
-seltzer on facebook. ♪ >> we thought we'd bring you some good news this week. the international energy agency reported monday that the the u.s. is likely to surpass saudi arabia as the world's largest oil producer as early as 20/20 and predicts that the u.s. will increase production to 11.1 million barrels a day by 2020, up to about 6.9 million barrels in 2008. that is if the obama administration allows it. so, steve, you've been out to the shale in north dakota where it's coming from, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? >> well, this is such a great, great pro american stir and by the way, paul, it's not just oil, it's also natural gas. >> paul: right, sure. >> my goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> pa
, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? >> well, this is such a great, great pro american stir and by the way, paul, it's not just oil, it's also natural gas. >> paul: right, sure. >> my goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on private land and where the president has to get with the program because we could literally create millions more jobs if we get this story right. >> paul: jim, the consequences here economica
and we should do better still ahead, after pouring billions of taxpayer dollars and failed green energy companies, obama wants to do it again. what to expect in th next four years from this administration when it comes to managing your money. gerri: today was the first day of gasoline rationing in new york city and long island all because of hurricane sandy. gas rationing. drivers can only fill up every other day were put into place to stop the panic buying and it is borderline anarchy that was going on. long lines that took effect. you see a lot of calves in the line as well. governor andrew cuomo says it could top $50 billion and it would make it that second costliest storm behind hurricane katrina seven years ago. president obama is scheduled to visit the new york area next thursday to see the recovery operation firsthand. the definition of insanity is doing the same thing over and over and over again. and expecting different results. so how does this apply to obama's next four years in office? the green companies backed by your taxpayer dollars? they just grow and grow. many of them
east, more violence along the gaza strip, energy market are on edge, we're following this story very closely. lori: let's head back to the new york stock exchange and check in with nicole. nicole: great day on wall street. higher by about 10 points, but really you have to take it for what it is worth. there is across the board, all soaring today. the nasdaq composite don't almost 2%, all 30 dow components with the exception of intel going to reread a few times has been green. so you are seeing buying across the board. we have also seen bank of america a real leader on the dow jones industrial. getting an upgrade. but take a look at the other financials as well on a day when the fear index is to the downside, the dollar is weaker. also getting the opportunity for equities and commodities to take off. i look at bank of america. $9.43 per share, up over 3%. you can see citigroup up over 3%. all of these financials without arrows, guys. a great day on wall street if you're bullish and long on this market. lori: about time. melissa: president obama congressional leaders came out of the me
conversation with david petraeus. >>> if you're drinking five-hour energy drink this morning, you should know it's being investigated to possible links of 13 deaths over the course of four years according to the "new york times," citing fda records n a statement the company says, quote, it's unaware of any deaths proved to be caused by consumption of five-hour energy thanchts twi . >>> that twinkie in your lunch box could be the last for quite some time, hostess in a striking situation with its workers. fear not, fate of the ring ding, some of hostess' most iconic treats could get bought up by other companies at auction. >>> at the start of his first term, president barack obama cited the influence of one of lincoln book -- the influence of one of the many lincoln books out there, "team of rivals" by making his cabinet picks. i'm having trouble speaking this morning. i apologize for that. anyway now that obama is starting off his second term, cast and crew inspired by that same book. a.j. hammer is here to tell us more. >> oscar buzz already. when you are the president and the film's director
about opportunities in the areas of trade and energy and other global affairs that really should be taken advantage of by the united states moving forward. but we have to -- we emphasize as well there are three issues that were on an old agenda that had not been resolved and stood in the way of more productive relationship between the u.s. and latin america. these issues were drugs, cuba, and immigration. the first two issues were important at the summit of the americas. the report was released right before the summit of the americas. the first two issues were raised at the summit. the presidents get a mandate to the american states to study the drug issue and the president made it clear there would not be another summit or unlikely another summit unless there was cuban participation in the summit. those issues certain were prominent. i think the election results had interesting implications for all three of these. perhaps the most important is the last one, immigration, which was not on the summit agenda. i think it has raised some expectations that this may be a real opportunit
on foreign oil. and on energy and all of those things will help. but the key issue here is how do we make our labor internationally competitive? to do that you have to come up with new ideas, new tax cuts, incentives for industry and things like that. that will take some work from congress. and, you know, i feel like that is what they need to do. and it is the same old project, the same old system, it does not fit for today. is that simple. host: nancy cook. caller: that is a fascinating point. we have had these bush era tax cuts are almost over a decade now. the tricky thing about the tax code is at once you introduce changes to it, it is really hard to change them back and temporary tax cuts often become more permanent ones, and the caller raises a great point about thinking about, what should the tax code will look like rather than all of these temporary things adding up -- adding both parties are concerned. -- i think both parties are concerned. both parties say there would like to bring down the corporate tax rate to 28%. and the republicans want to do something or it would create a diff
tax reform. we could have energy legislation. we haven't even had a defense bill or appropriations bill or cybersecurity. joe lieberman is still trying to get the cybersecurity bill which is really important for this country. really dangerous. but the president, he is our leader. he needs to engage more. we got somebody here in the room that can talk to him. i'm incurable optimist. i think he may do it. >> well, i think it's got to start in this lame-duck session that begins tomorrow. we can't adopt a total bipartisan balanceed budget agreement but we can get -- balanced budget agreement but we can get started. we can have a down payment at least to cover the first year of what otherwise would be the sequester which is $110 billion, and i think we got to prove we can do some tax reform and we can do some entitlement reform and pull it together. and then adopt a process that tries again to push the committees -- according to the regular order -- to come out with enough savings and spending, enough new revenue as part of tax reform and most critically long-term entitlement reform. t
kind words about me. taxes is growing by leaps and bounds. this is made our country much more energy independent and has brought the price of natural gas down. i hope we can agree we don't want to reverse that and continue to go forward with these wonderful changes that have taken place in energy. we have a chance to see a renaissance in manufacturing. a lot of these jobs going overseas may come home. i have been asked and i would make three quick points. i think this election was about a lot of things. i think it is more complicated than that. i would start with the candidates. mitt romney is a good man. he wasn't as natural a communicator as the president . he had a habit of saying things that didn't help him. the president is a natural and gifted communicator. the democrats had a much better get out the vote operation. republicans need to focus on that. democrats were better in the swing states in getting at the base. the third thing is the following. 55% of moderates voted for barack obama for president. why did the republicans lose the moderates? the farther right positions gove
is the first photo from it. black elk energy confirms that one of its platforms caught fire. the fire, we understand, from a coast guard captain we spoke to, it is apparently out. you might remember in the deep water horizon fire the that led to the bp oil spill. i burned for a couple of days until the rig melted and collapse and then the wheels started spewing into the gulf. this does not appear to be as serious of a situation. however there is word that there are workers that are missing at this point. we are told that the fire is out. a couple of crew members in the gulf are missing. jenna: right now, a suspected operative of hezbollah has not been a allowed to walk free. he was accused of killing five american soldiers in iraq. he was acquitted by an iraqi court and allowed today to fly to lebanon. here is the important background. the united states handed this man over to the iraqis last december, earlier this year we have received assurances that they would not release this man, even though the iraqi court had cleared him of the charges, but as we stated, he is now free today. jon:
Search Results 0 to 11 of about 12 (some duplicates have been removed)